Economy on red alert with yield curve close to inversion August 16, 2019 Both the US and UK yield curves are on the verge of inverting. The yield curve has been a reliable predictor of US recessions over the last four decades, less so in the UK. With only one exception, each time the yield curve has inverted, the US economy has entered a downturn within 18 months. [...]
Meat Loaf Remainism is just a return to politics as usual August 16, 2019 I’ll give fellow journalist John Rentoul the credit for coming up with the term “Meat Loaf Remainism”, although he is just one of many commentators to have noted how the present political predicament resembles a certain epic nineties rock anthem. Like the lover who swears “I would do anything for love, but I won’t do [...]
How to keep cool while covering for colleagues during holiday season August 16, 2019 August can be a stressful time for remainers. No, not people anxious about the prospect of a no-deal Brexit, but those left in the office during the holiday period while their colleagues are sunning and Instagramming themselves on the beach. A study by OnePoll last year found that covering for co-workers generally results in a [...]
Corbyn fails to drum up support for plan to block no-deal Brexit August 15, 2019 Jeremy Corbyn has been told there is no time for “political games”, as his plan of forming a temporary government to block a no-deal Brexit was rejected. The Labour leader has written to opposition leaders and senior backbench MPs, urging them to back a no-confidence vote in Prime Minister Boris Johnson. Read more: Corbyn calls [...]
Moody’s forecasts fast growth for Islamic banking in next five years August 15, 2019 Islamic banking within the Commonwealth of Independent States (CIS) will grow substantially over the next five years, according to Moody’s Investors Service. The US agency is forecasting financial expansion in many of the CIS counties during the years ahead as a result of government initiatives built to nurture the sector. Read more: Challenger bank Monzo [...]
Marshalls paves the way for fresh buyouts as sales surge August 15, 2019 Marshalls, the paving company which supplied flooring for landmarks including Trafalgar Square and Bond Street, enjoyed a jump in sales of more than one-sixth in the first half of the year, despite Brexit uncertainty hampering the construction industry. Shares rose 0.8 per cent today as the firm said it had outperformed the rest of the [...]
Arsenal and West Ham among latest Premier League clubs proving why a director of football is now necessary August 15, 2019 They go by a number of titles, working tirelessly throughout the transfer window to recruit the best players and maximise value. Whether labelled as sporting director, director of football or something else, the responsibilities are similar. The position is a growing phenomenon in England, and in some instances those in the role are becoming cult [...]
Belgravia’s billionaire strip: London’s new hotspot has £1.4bn property pipeline August 15, 2019 A strip of prime property in East Belgravia is undergoing a development boom with £1.4bn of investment in luxury homes and hotels in the pipeline, according to a new report. The plot of land between Upper Belgrave Street and Grosvenor Place, dubbed the billionaire’s strip, has been earmarked for private mansions, penthouses and VIP clubs. [...]
Brexit protester who caused £1m worth of rail disruption jailed August 15, 2019 A Brexit protester who caused £1m worth of disruption to train services between London, Kent and France has been jailed for one year. Terry Maher, 44, climbed on top of a tunnel overlooking railway lines near St Pancras station, blocking trains between the UK and France and causing disruption that affected about 22,000 people. Read [...]
Weak Asda sales drive down Walmart’s international income August 15, 2019 Slow sales at Asda and other non-US retailers owned by Walmart have driven down the corporation’s international operating income by almost 30 per cent in the second quarter. In second quarter results released today, Walmart said that overall operating income was also down 2.9 per cent, as it lowered international sales growth guidance. Revenue was [...]